District Court, E.D. North Carolina June 2, 1954, No. 2785 (In re Steele)

GILLIAM, District Judge.

An order has been entered by Mr. Joseph B. Cheshire, Jr., Referee, upon his decision that Louis Watch Company, Inc., of New York City, is entitled to receive as a secured creditor the amount of $2,900 which has been collected by the trustee on certain open accounts upon which the Watch Company claims to hold a mortgage; the United States, a creditor of the bankrupt, has